Board of Directors of the Kuwait Petroleum Corporation will hold its first session next Sunday, following the issuance of a decree to form the new board of Board of Directors and the appointment of Sheikh Nawaf Saud Al-Nasser as the new CEO of the company.
A local Arabic daily quoting oil sources said the KPC is expected to overhaul and/or appoint new employees at the senior level at the Kuwait Petroleum Corporation and its subsidiaries over the next few days to usher in an era of stability at the oil sector.
The sources added, several senior positions are vacant in the oil sector and they are expected to be filled soon, not to mention that the legal period for the companies’ boards of directors has expired and has been renewed for a further 3 months.
The same sources pointed out that the oil sector needs stability to continue its accomplishments in the coming period, especially since the sector has experienced a state of administrative instability over the past 4 months due to the vacant position of the new CEO and Board of Directors for a long time, which had never happened in the history of the KPC.
However, the sources expressed a feeling optimism for the next phase in the Corporation and its subsidiaries, after the completion of the huge environmental fuel project.